Buzzing stock: NCC rises 7 per cent today & 50 per cent in one month

During Friday’s trading session, the stock of NCC Ltd jumped more than 7 per cent and made an intraday high of Rs 51.45 per share. In the last one month, NCC has risen by 50 per cent.

NCC has received four orders worth Rs 3,905 crore in the month of November 2020. Out of this, one order worth Rs 848 crore pertains to the water division and the remaining three orders of Rs 3,057 crore pertain to the building division.

The stock of NCC has recovered by 224.61 per cent from its sharp decline in March 2020. The stock hit a record high of Rs 61 on January 16, 2020, and has a 52-week low of Rs 15.9 as of March 30, 2020.

According to BSE data, the stock traded at a P/E multiple of 9.88 and a price-to-book ratio of 0.57.

The company reported a net profit of Rs 64.60 crore in Q2FY21, which decreased by 21.39 per cent YoY, as compared to Q2FY20 when it had reported a profit of Rs 82.18 crore. The company reported net sales of Rs 1,708.32 crore for Q2FY21, a decrease of 11.86 per cent, as against the net sales of Rs 1,938.28 crore for Q2FY20.

At 2.33 pm today, the stock of NCC Ltd was trading at Rs 50.95 on BSE, up by 6.26 per cent.